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Insurance to Help Take the Bite Out of Crime
Fraud, dishonesty, and theft by employees are unfortunately part of the cost of having a business. In fact, the Association of Certified Fraud Examiners has estimated that the average business bleeds 6% of total revenue from employee-related losses.
To mitigate these costs, Crime & Fidelity insurance is available. Crime & Fidelity insurance protects organizations from loss of money, securities, or inventory resulting from crime. Common fidelity/crime insurance claims allege employee dishonesty, embezzlement, forgery, robbery, safe burglary, computer fraud, wire transfer fraud, counterfeiting, and other criminal acts.
It’s important to note that standard business insurance policies exclude or limit reimbursement for the loss of cash or checks, and many place strict limits on employee theft coverage. That’s why it’s essential to review your commercial insurance to see if you need to enhance your policy. At NewMark, at your request, we will be happy to do this for you.
We work with several top-rated national insurance companies that offer cost-effective solutions. Our independence allows us to evaluate what is in your best interest in terms of the breadth and depth of coverage you need and negotiate a plan that addresses your needs.
We’re ready to work to protect you, your property, assets and employees.
Talk to NewMark about your business insurance needs. Give us a call at (877) 630.1107 or email us to discuss how we can customize a program for you.